2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.2
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6
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4.5
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5
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Detailed explanation-1: -The EBLR rate of SBI is 6.65% while repo-linked lending rate (RLLR) is 6.25% with effect from 1 April 2022. An overnight one-month and three-month MCLR have increased to 6.75% while the six-month MCLR has hiked to 7.05%.
Detailed explanation-2: -Notably, SBI is currently offering a certain discount on home loans as part of its festive offer campaign, which is set to end on January 31, 2023. According to SBI’s website, the 1-year MCLR has been raised to 8.4% from 8.30% as of January 15.
Detailed explanation-3: -SBI’s top lending rate is 9% for scores greater than or equal to 800 under the campaign rates, compared to the standard rate of 9.30%. While the rate on scores of 750-799 is 9.10%, it is lower than the usual rate of 9.40%. Finally, the rate is reduced from 9.50% to 9.20% on credit scores of 700-749.
Detailed explanation-4: -SBI Home Loan Details 8.90% p.a. – 9.40% p.a. State Bank of India is offering a concession on home loan interest rates between 15 basis points and 30 basis points from 4 October 2022 to 31 January 2023.